How Xero can make your business run easier and more efficiently

Xero is a cloud-based system, which is now making a difference in online accounting. Plenty of businesses are now using Xero to optimise their accounting system.

One of the advantages of using Xero is the ability to reconcile bank statements. Xero can easily and quickly reconcile bank statements simply through a bank rule set-up. It is an efficient way for businesses that deal with cash transactions or have hundreds of transactions every day. Xero can code the transactions automatically and save hours of work.

Another advantage is the ability to create a budget easily. Xero has a built-in Budget Manager, which imports and exports spreadsheets. It has a Budget Variance Report that shows how the business is performing so the owners can adjust their budget.

With Xero, there’s no need to recreate bills and invoices. Those who have to create similar invoices or paying the same bills every month will appreciate the Repeating Invoice and Repeating Bill options on Xero. There can be a template that will automatically create, save and email to customers.

What can you do?

If you would like to know more about how you improve your business, you can click here to know more about Chan & Naylor services. You can leave your details here and we can schedule you for a free consultation. We’ll contact you to explain more.

Whether you are a beginner, seasoned investor or business owner, we can give you guidance to maximise the financial areas of your life. We can give you an integrated and tailored solution of your superannuation, taxation, property investment, asset protection, estate planning and more.

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A Record of Success

Chan & Naylor is Australia’s leading property and business tax accounting, finance and wealth advisory group.

We’ve been awarded Financial Planning practice of the year for five consecutive years running since 2011. We were also ranked by Business Review Weekly (BRW) as the 39th in BRW’s Top 100 Accounting Firms 2013 – up from 47th position in 2012 – as well as Australia’s ‘Fastest Growing Accounting Firm in 2007, 2008 and 2013.